Federal Signal Corporation $FSS Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Federal Signal Corporation (NYSE:FSS) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,701,541 shares of the conglomerate’s stock after selling 107,811 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of Federal Signal worth $797,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH acquired a new position in Federal Signal during the third quarter valued at $108,884,000. Norges Bank acquired a new stake in shares of Federal Signal during the second quarter worth approximately $79,165,000. First Trust Advisors LP boosted its holdings in shares of Federal Signal by 49.6% during the second quarter. First Trust Advisors LP now owns 1,501,431 shares of the conglomerate’s stock worth $159,782,000 after purchasing an additional 497,652 shares during the period. Greenvale Capital LLP purchased a new position in Federal Signal during the second quarter valued at approximately $25,491,000. Finally, Assenagon Asset Management S.A. acquired a new position in Federal Signal in the 3rd quarter valued at approximately $23,037,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $123.00.

Federal Signal Stock Up 1.2%

Shares of Federal Signal stock opened at $118.62 on Monday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.85 and a beta of 1.35. The stock has a 50-day simple moving average of $113.97 and a 200-day simple moving average of $117.46. Federal Signal Corporation has a 52-week low of $66.47 and a 52-week high of $132.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.61 and a quick ratio of 1.25.

About Federal Signal

Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.

Federal Signal operates through two primary business segments.